With container traffic in slowdown in most areas of the world, the lifting of Iranian sanctions does at least offer a “ray of hope” to carriers, said Drewry in its latest Container Insight report.
Last week, United States (US) President Barack Obama secured the support of enough Democratic senators to ensure the Iran nuclear deal put together in July would survive any Congressional vote, thereby removing a potential roadblock towards the lifting of sanctions imposed on Iran by the United Nations, the US and European Union.
The maritime analyst noted that while the easing of Iranian sanctions would not cover the shortfall in global container volumes, there was considerable opportunity for lines to re-connect to an economically recovering country with a population of nearly 80 million that would be eager to spend on goods previously denied them.
“Expect more carriers to reinstate calls at Bandar Abbas to take advantage,” the Drewry report concluded.
Lifting of Iran sanctions offers ‘ray of hope’ for container lines
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